It seems like maybe they wanted to make the decision before the semester started so it was not as much of a distraction and less disruptive. The statement said IHQ had been working with the chapter for seven years, so maybe it was a long time coming.

Location: Living in a dog eat dog world while wearing Milkbone underwear

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Not sure if this was already posted, but on August 9, Theta Phi Alpha announced that the Grand Council has voted to close the Farmingdale State University colony (NY). The closure is due to sustainability challenges.
Per press release.